Binance’s Richard Teng says tokenized stock demand is strong, but information flow lags

Market Overview

Demand for tokenized stocks is not the problem, according to Binance's Richard Teng. Instead, it is the information flow that is limiting growth in some private markets.

The Problem with Private Markets

Private markets are a different animal from public equities. While public equities have regular disclosures and price discovery, private markets lack this visibility. Tokenized stocks do not magically produce quarterly earnings reports, and the underlying information may still arrive at a much slower pace, or not at all.

The Role of Programmable Assets

Teng positioned programmable, always-on assets as central to where finance is heading. He argued that better access and tighter connections across the global marketplace are necessary for the growth of tokenized stocks.

Market Performance

Binance's bStocks product has seen significant traction. The product offers tokenized versions of US stocks and ETFs, and it supports 24/7 trading and integration with decentralized finance (DeFi) applications.

The Future of Tokenization

Binance Research is bullish on the category, predicting that tokenized equities could grow to roughly $349 billion by 2030. The research arm's model starts from a base of around $4.43 billion and points to approximately 390% growth within 2026 alone.